Topic: Buy the DIP, and HODL! - page 82. (Read 89323 times)

Fuck AI, am tired of people just trying to sit down and get everything through the press of a button. This is gradually introducing laziness and one side knowledge into the society. People want to have everything at ease without wanting to put efforts into findings. Why not we do things our way and be original.  In the course of carrying out research on your own you will learn more, than depending on already or half baked information the AI will produce. The use of Machines should be discouraged where humans are expected to use their head and think and make findings on their own. When people like that starts using AI for bitcoin history and other facts about bitcoin, then there is every possibility that they will start depending on AI for their posting in the forum and you and I know that the forum frowns at the use of AI tools. People should learn how to be original and think on their own.

That is actually your own perspective of how you want to go about it, but you have to take note that buying only when the market is down will definitely make you lose so many buying opportunities, which will make the amount of Bitcoin in your possession less compared to someone that is buying through the DCA accumulating strategy, because you will definitely miss so many buying opportunities thinking the market will go deeper, while someone buying with the DCA accumulating strategy will just keeps on buying irrespective of the price, and he is going to buy the dip and the deepest part of the dip also unlike someone that is waiting for the market to deep further before buying, which might not happen eventually, so my brother, DCA method is the best when it comes to accumulating Bitcoin.

And another thing you need to put into consideration is that most investors that have been accumulating Bitcoin through the DCA method sees this deep kind of market as an opportunity to buy aggressively, which will definitely going to be a major plus in their accumulating journey, as long as it doesn't affect them in financing their day to day activities.

DCA method is best in all aspects because all investors use this method to invest and accumulate bitcoins.  Because this method is so best that it helps to control the average price, because even if you invest in the rising price of your investment, your Bitcoin investment will still be the average price control.  And even if the price of Bitcoin is dumping, if you keep investing in Bitcoin, your price will be under control.  So any time this investment is also suitable.



The only DCA strategy discussed here is Bitcoin, because when you talk about the unique coin Altcoin (like using fuel to put out a fire). Therefore DCA method of investing is only applicable with Bitcoin as it has been surviving in the market for a long time with reliability. So investing in this Bitcoin is safe and it will definitely get the most value if invested for a long time.

No mate, approaching Bitcoin investment by making buying the dip as a primary strategy can be very wrong. Yes , in as much buying when the price has dip or in bearish season gives price lower than it's previous high can be good as it gives the opportunity of buying more of Bitcoin with Same amount at a price lower than it's previous high, but solely depending on buying on the dip only can lead to procrastination and missing buying opportunities why waiting for the dip that you are not certain, you can buy at the dip and the market can keep dipping further and also Bitcoin can go up to a certain level and never come back to the very price you were considering to be high, so instead of waiting to be buying at the dip, you have to keep buying with you dca either weekly or monthly according to you financial situation while you make arrangements for the ups and downs that may happen or not. Generally, what am saying is that buying the dip shouldn't be seen as a primary strategy for Bitcoin investment especially if you are still early in your accumulation process but should be seen as a secondary strategy for accumulating Bitcoin especially when it comes to Bitcoin long term investment plan which is the concepts of the this thread. However, those who are already at their maintenance level may not necessarily be buying frequently using the dca any more but with a reserved fund they can buy the dip only while those that are still pretty much early in their accumulation process can be buying aggressively by maximazing every buying opportunities without over doing it considering how much of discretional/disposable income he or she has after taken care of his or her personal up keeps, provisional emergency, reserved and float funds that will accompany him or her in their Bitcoin investment.

actually mate this thread is all about HODLING means we should buy when the market is dumping and
keep them for some years ,though DCA nowadays is bringing good return to those who uses this method yet
for me , buying when the market is dip and keeping them is safer than any investment method we have when
we are talking about bitcoin .

Am not going to lie and at the same time don't want to be rude i am getting tired of this AI predicting the price of Bitcoin conversation here. AI is a technology developed by humans it was made to make things easier and faster but it is not accurate. The responses it gives are drawn from data all over the internet that he was giving access to. Any unauthorized data somewhere without permission given to him he can't access them. AI's little predictive abilities are inaccurate. And what is the need to use an AI when it is no better than our opinions and findings?

I think we are driving ourselves out of the discussion in this thread, bitcoin halving is just at the corner, a day left to it. We you still be buying during the halving or you would have to wait until after the halving? Perhaps you are dcaing, would you consider buying the dip when it comes in this halding? When I mean dip I mean below 60k.

Why bother wasting precious time in finding which shitcoins to invest on when you are already aware of a coin made with potential of growth which is your one and only Bitcoin. Because telling newbies to research on which shitcoins to invest on , is like telling someone to use fuel to quench fire ( in other words misleading others). Though most people are fond of this excuse that Bitcoin is to expensive for them and all that , so they can't afford it so they won't bother investing , which is all wrong. Though we all aware that Bitcoin is expensive and a that.  But no one is telling you that you need to purchase one Bitcoin first before you can start accumulating ( though you can do that depending on your financial capability) . But still is not necessary that one need to start with purchasing a whole Bitcoin first , but one can use  the different strategies in accumulating Bitcoin, like DCA , lump-sum, buying the dip . Expecially DCA purchasing, by purchasing bitcoint at different price interval without bothering yourself with market movement.

A person should invest only as much as he can afford to lose, because investing in cryptocurrencies has a high chance of profit and loss. Therefore, invested assets should never be over-risked, but investing in Bitcoin is inherently guaranteed. Because Bitcoin has been faithfully surviving in the market for a long time, now investing in Bitcoin with DCA method will surely bring investment success. But investing anywhere other than Bitcoin is foolish, so one of the strategies to set yourself up for success is to earn Bitcoin by investing in the DCA method.

No no JJG I don't mean about believing on the prediction given by AI since its really a big OFF since AI cannot help us with that our critical thinking would matter the most in every situation we want to decide for our bitcoin.

But what I trying to point out is AI is helpful for research purposes for example a newbie want to research about price history of bitcoin for year 2008 up to  2024 information's will pop up there and they can learn something more faster by help of AI in that way. Also if they want to research about DCA, to hodl and other thing it can automate their research time and they can get the information more faster rather than spending a lot of minutes for researching it manually which can burn out them. Price prediction of AI doesn't prove anything yet that's why its really unreliable and we should really not rely our investment on this technology.

Why will you waste your time to start making research on which shitcoin to invest in, when bitcoin is already there for you to start investing in, without stress or fear of losing your funds, as long as you are on a lk g term investment.
There is no better shitcoin which anyone should invest in. Shitcoin is shitcoin, and they will always disappoint whoever buys them. Only bitcoin is the unique amongst all. You should not hype any shitcoin because they have no future and time will tell. I think that it is not only lack of knowledge that is making people to buy shitcoin but some people are too greedy that they want to invest very little and make huge profits within a short time. It is not like some of them don't know that bitcoin is king they know.

The thing is that some of them also have mentors that tell them the type of shitcoin to buy that will give them profit within a short period of time. This is where they get it wrong because they cannot outsmart the market by knowing when a coin will dump and crash. So they are trying to play a game which they know that is risky but they decided to give it a trial. This is why shitcoin buyers are people who are gamblers and are not serious to build their investment by putting their funds in shitcoin instead of bitcoin.

you should not blame anybody because what nice people to join a wrong investment is based on the lack to make a proper research concerning the particular investment that they want to venture into because a shitcoins can be identified able based on your research, but if you don't make a research you will not know a good shitcoin that worth to invest, that is why I always emphasizing on someone to make a research because you cannot compare this shitcoin with a Bitcoin because bitcoin have a more influence more than all this coins.

Just as learning and teaching people are different, I consider this to be a common thing shown by anyone in the world of learning if we understand the attitude and lay of humans in conveying their opinions, I also do not matter how someone with his expression conveys the truth about bitcoin here.

It's not about pettiness in my opinion, considering that from that kind of thinking someone wants to try an easy way to understand bitcoin, but I don't think it works well if you only rely on AI to receive information about bitcoin, first as you mentioned, it's not necessarily true, secondly the way the AI explains it will not be understood even if the AI explains in detail about how bitcoin works but I don't think it's easy to accept a mathematically written explanation of the technology, we need to have experience in network activity in order to understand, and I don't think that's easy either, unless maybe just learning about the trade, many people are skeptical about the technology in bitcoin itself. AI will only explain in general terms usually, and the data must be questioned about whether it is true or not.

It can be very wrong to completely digest what ever information that is gotten from AI, there must an all round check up, contrasting and comparing which of course requires critical thinking such that any one that shy or run away or probably procrastinate having this critical thinking by not making all the necessary contrasting and comparing are prone or become very vulnerable of absorbing wrong information passively which can be very misleading, short sighted and dumb.looking for such an easy landing can do more harm than good. However, one must be able to filter the information gotten from AI  to efficiently maximize the quality of information you have else you will be considered to be a time bomb waiting to explode by carrying about wrong information.

whichever choice one chooses to use in getting the right information is totally up to him but what's important is that you get the right information and apply it in such a way that it doesn't mislead another person or course the person to make wrong investment by virtue of the information he's gotten from you.

At the end of the day what's  important is that we know the fundamental information that it's best to buy Bitcoin if we have the resource to do so and those that probably felt that the price of Bitcoin was so high and that they should have bought it if it had gone a bit down, this is yet another correction that has presented itself to us and the best we can do is to buy as much Bitcoin as we have the ability to.

One problem is the sheer mass of people who are spreading misinformation. Not to mention that those valuable people who fight misinformation or misunderstanding might also be fighting ignorance. Some people spread nonsense without actually caring what they are spreading as it is just for the sake of spreading something. The bigger problem are those BSV guys who deliberately spread lies and nonsense. They put effort into getting things wrong about bitcoin. The little uneducated trolls probably don't even read the responses they get to their posts. Only a minority engages in an (un)fruitful discussion.


AI can be very good. ChatGPT can be very good. But it reminds me of the game Jeopardy where candidates are given the answers and they have to ask the proper questions. I like to use ChatGPT for some daily things, but I quickly noticed that the challenge is to get the question as good as possible in the first place, which means nothing but having a proper understanding of the topic before seeking insightful answers. AI and ChatGPT can be helpful and fun for really plain summaries or when you understand the topic you are researching very well. The problem is it can get you to follow the wrong path as you don't notice when it gets things wrong.

I think this is why people who use ChatGPT here to get their post requirements done, only ask very open, foolish questions that Wikipedia could answer just as well. It is indeed possible to interact with AI but only if the input from the user is high quality already or if it is plain mathematic formulas as AI usually doesn't make mistakes calculating things. But other than that I fully agree with you that the people who lack the ability or intent to to think critically are as lost with AI as they are with Wikipedia or any other superficial or even false sources.

The problem here is understanding of what shitcoins and Bitcoin is. I don't really blame members on this forum that still don't understand and can't differentiate between both, the wrong information has been assimilated and is really hard for them to detached themselves that's why they argue blindly. And this kind of debates leads to good result to enlighten such members.

Sorting for AI will do no good for such topic as there will be no proper foundational knowledge or breakdown, AI is programmed and runs on information passed on by the programmer we shouldn't give our 100 on it and leave the process of personal research. The only recommendation necessary is Studying Everything about Bitcoin and Cryptocurrency related Materials This will give indepth knowledge, clarify and purged them of the bad information.

There is nothing wrong with getting mad at forum members who say dumb things, and part of our way of learning may well come through interaction and pointing out how dumb some members are in terms of their presentation of ideas, especially when they either convolute bitcoin with shitcoins or they act like they know what bitcoin is, and they are ultimately spreading misinformation that convolutes bitcoin with shitcoins..

Your suggestion to learn through AI comes off as very short-sighted, since people still should be engaging in their own critical thinking rather than having information fed to them, which information may well not be as accurate as you might believe it to be, unless you understand its sources, so I doubt that we should expect people to be saved from their own dumbness through AI tools rather than needs to think for themselves and preferences to engage in critical thinking in order to be able to sort between good information and bad information, which truly there are a lot of ways that people can become confused in their lack of understanding of bitcoin through the convolution of shitcoins within the mix and the framing.

Instead of getting mad about his opinion its better to correct him with right information since there's nothing gonna happen if he's also been triggered with the post replied in this thread. Maybe redirect him to some information that can change his mindset towards the difference between those shitcoins so he can totally avoid them. Its understandable on why those people compare bitcoin to other shitcoins since maybe they are looking only at the way how people trade it. But some people don't realize that there are more deeper use case for bitcoin and there's nothing to lose especially if they made a right decision to hold it for long time.

They would only say its the same if the frequently trading it and lose on its volatility but if they know how good it is for long term maybe their opinion will change and will agree that bitcoin is different also more better on what he taught.

We have now AI can help their research more faster so I suggest if they want to learn a lot of information about bitcoin then they should seek the help of AI since their researching will became more convenient and they could learn a lot maybe on short period of time if they can digest all the information they read.

Stop saying what you don't know or better still keep quiet if you don't know what to say. How can you say bitcoin was once a shit coin. Do you think that the amount a coin got listed with is what makes it a shit coin? Get your information correct, there was never a time bitcoin was ever a shit coin. So don't ever compare bitcoin early days to those of other altcoins or shit coins as they are popularly known. Right from the very day one of bitcoin, it never disappointed people. There is no basis for such comparison, no matter how many years those your shit coins are in existence it will always be shit coins, because we can only have one bitcoin. So thinking that the number of years those shitty coins have stayed in the market will one day change from being shit coins to something similar to bitcoin is a wrong thinking and it will never happen. So if you are investing in anything less than bitcoin and hoping that one day it will be like bitcoin, you are totally wrong and you should stop it immediately.

Obulis, it's obvious you don't have a clear understanding of what Bitcoin is. Firstly let me start by saying without Bitcoin there wouldn't be any project like altcoins or cryptocurrency. We only had failed projects research and discovery that lead to nothing until Satoshi came in and made this innovative invention. Bitcoin being the only and first of its kind, paved way for other developers to try to make a copy, yet they still couldn't make an exact copy because Bitcoin is far more greater than the project they imagined.
And when you look into the definition of shitcoins you understand that it's origin came from altcoins. So the questions is why didn't it originate from Bitcoin being the first coin? The answer is simply, Bitcoin never devalued until it becomes worthless else we wouldn't be using it today. But because it was never a shitcoin, that lead to the reputation it has today's and also the development of altcoins/shitcoins. Assuming Bitcoin was like every other altcoin it wouldn't have gained enough market cap and cryptocurrency would have ended up being a dead project. But thanks to Satoshi for being a genius.

Irrespective of the fact that most Investors consider Bitcoin a slow profit coin, no altcoin currently have the potential of even getting close to half of the achievement that Bitcoin have. So before they could even get close to the current half of Bitcoin, Bitcoin has gone further away into a  more admirable project by the world entirely. The sooner people start seeing Bitcoin for what it is the better for them to start fighting inflation.


One of the reason I like the DCA strategy is that, it help you become more discipline if you cling to it, consistency is a vital attribute we must add to our life positively to become useful to our selves first and then the society. DCA keeps you in a comfortable state while you you are actually making progress in you holding, but when you combine it with other strategy, your holding would become more effective.